Shen Yao Holdings Limited announced resignation of Ms Zhou Ying as Financial Controller. Ms Zhou Ying has resigned from her position as she wishes to explore other opportunities. Ms Zhou Ying has confirmed that she is not aware of any concerns with regards to the financial reporting of the Group that led to her resignation. Notwithstanding her resignation as Deputy Chief Executive Officer and Financial Controller, Ms Zhou Ying will remain as a consultant to the Group until 31 December 2021. The Sponsor, having spoken to Ms Zhou Ying, is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation of Ms Zhou Ying.